New Delhi: Reliance Industries' digital arm, Jio Platforms Limited (JPL), is no longer content with being just a telecom company. The company now aims to expand its technology business. Jio has developed its own 5G standalone network system and has filed 7,220 patent applications related to 4G, 5G, 6G, AI, and digital technologies.
📈 Internet Usage Growing Rapidly in India
Internet usage in India is rising rapidly. The digital world is no longer limited to watching videos and making calls on mobile phones; technologies like Artificial Intelligence (AI), cloud computing, and high-speed broadband are becoming integral to business. According to SMC Global, the Indian telecom and digital services industry is "one of the fastest-growing globally, driven by surging data consumption, aggressive 5G rollouts, and expanding fibre broadband penetration."
💰 The ₹30,213 Crore IPO
In this changing market, Jio is preparing for its next big leap. The company's IPO, worth approximately ₹30,213 crore, is scheduled to open on October 21, 2026. According to brokerage reports, 5G, broadband, AI, and selling technology in foreign markets could play a key role in Jio's future growth.
| Detail | Information |
|---|---|
| IPO Dates | October 21 – 23, 2026 |
| Price Band | ₹1,065 – ₹1,119 |
| IPO Size | ~₹30,213 crore |
📱 Subscriber Base and the 2G-to-5G Opportunity
Jio's subscriber base is projected to grow to 533.3 million by June 2026. Despite this, the company has a significant opportunity to add new customers and migrate existing ones to better networks. According to GEPL Capital, approximately 261 million mobile users were still on 2G networks by June 2026. Jio could bring these customers to 4G and 5G networks by offering affordable phones and a bundle of digital services.
📊 Rise in ARPU
The company's average monthly revenue per user (ARPU) has also increased, rising from ₹181.7 in FY2024 to ₹215.6 in the first quarter of FY2027. Monthly data usage per user has also reached 43.7 GB. Premium plans and OTT services are expected to drive further revenue growth.
🌐 Huge Potential in the Broadband Business
As of June 2026, Jio had a combined total of 28.6 million JioFiber and JioAirFiber subscribers. Fixed broadband penetration in India is currently limited. According to GEPL Capital, it was around 21 per cent in FY2026 and is projected to reach 46 per cent by FY2031. Therefore, JioAirFiber could help bring internet coverage to areas where laying fibre cables is difficult or expensive.
🤖 Preparing to Increase Earnings Through AI and Technology
Jio now aims to expand its technology business rather than remain solely a telecom company. The company has developed its own 5G standalone network system and filed 7,220 patent applications related to 4G, 5G, 6G, AI, and digital technologies (of which 1,043 have been granted). Its AI platform, JioBrain, is being used in network operations and other digital services.
🌍 Plans to Sell Technology Abroad
Jio is planning to make its 5G, cloud, and AI technologies available to telecom companies in other countries. This could open up new revenue streams outside India. However, the actual impact of these opportunities will depend on the company's future revenue and profitability.
🔢 Jio's Growth Levers in Numbers
| Metric | Figure |
|---|---|
| Total customers (June 2026) | 533.3 million |
| 5G customers | 284.9 million |
| Users still on 2G networks (industry) | 261.0 million |
| Fixed broadband subscribers | 28.6 million (incl. 14.0 million JioAirFiber) |
| Fixed broadband penetration | ~21% in FY26, projected ~46% by FY31 |
| ARPU | ₹181.7 (FY24) to ₹215.6 (Q1FY27) |
| Patent applications filed | 7,220 (1,043 granted) |
| IPO dates / Price band | October 21–23, 2026 / ₹1,065–₹1,119 |
Conclusion: Jio's move signals its ambition to transform from a pure connectivity provider into a technology company. 5G, broadband, AI, and the sale of technology in foreign markets are likely to be the key drivers of its future growth.